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the fiscal cliff could do a lot of damage to the lgbt community. leaders say it could result in more employment and housing discrimination against lgbt citizens, lower quality health care, limited homeless aid, and less in school tolerance and anti-bullying programs. of course this cliffside showdown has roots in the losses on election day. and while that came to a rebuke as many in the gop for lgbt conservatives, it also represents an opportunity for a political reboot. the gop has long attracted a male demographic, both gay and straight who back the party's small government, big military message. but one group often underestimated in the landscape is the lesbian population. casey pick, it's good to have you on the show. and i want to bring this up. because the new york sometimes did a story on this. and i want to read you a quote from their story. it says that gay activists say in many cases these unicorns were republicans before they were gay, driven by libertarian principles, they often did not acknowledge their sexual orientation even to themselves until middle age. now, just a
the upcoming fiscal cliff. president obama met with the heads of both the house and the senate before the thanksgiving recess. and the group called for a second meeting this week. a senate democratic aide said talks though in the last week have not been very productive. the fact that this second meeting has not been scheduled yet could be a sign that congress is not making as much progress as it had hoped. we are hearing some republican lawmakers saying they are willing to break with grover norquist's pledge to never raise tax revenue. but they're still talking more about capping deductions and closing loopholes rather than raising actual tax rates. in order to reach a compromise, republicans will need to agree to some form of increased tax revenue and to convince them to do that, the democrats will likely have to accept some deep cuts to entitlement programs like medicare and medicaid. there are just 35 days left until the end of the year but top lawmakers say they are still confident they can reach a compromise. democ
this hour, here's what to expect this week. tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
or not they are rising above to help solve the fiscal cliff issue. today jane wells focuses on minority leader nancy pelosi. >>> nancy pelosi has been in washington for 25 years, but her heart has always been in san francisco. and here 3,000 miles away, there is frustration at the lack of action in our capital. >> reporter: san francisco is a world away from washington. some would say it's on another planet. but it's home to one of the most powerful women in congress. nancy pelosi is well-liked here. congress is not. >> i feel like my government's broken. >> reporter: larry collins has been a crab fisherman on fisherman's wharf for decades. this can be a dangerous business. mistakes have serious consequences, and collin says political leaders should face their own serious consequences if they can't solve the budget crisis. for him, it's a no-brainer. >> if the wealthy were paying their fair share, i think that everybody else would feel better about paying a little bit more. >> reporter: taxpayers in this city are used to paying a lot more, yet the local economy is growing. >> reporter: as crazy as s
leader eric cantor. moments ago on the hill. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. republicans are committed to counting t continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. that's one reason why we believe we put revenue on the table, as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this -- this fits the president's request for a balanced approach to this issue, and we're going to continue to work with the president to try too resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train, and it has to be dealt with, and in order to try to come to an agreement republicans are willing to put revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this dry sis, and sooner rather than later. >> good morning. you know i was h
and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight month. exports plunged due to slowdown in the global economy and tensions over disputed islands with china. finance ministry officials released preliminary figures shortly before the financial markets opened. last month's deficit came to about $6.7 billion. exports fell by 6.5% from a year earlier. that's in yen terms. japan's exports have fallen for five months in a row. cars and steal led the drop last month. impo
, racing toward the fiscal cliff. >> to show our seriousness, which would revenue on the table. >> presidential politics. >> forget about it. >> he is smart and the kind of leader we need for future of our country. >> it really is the nation's laws, losing david patraeus. >> personally, this is a heartbreak. >> full disclosure, we are putting this program together the day before thanksgiving and we come to you with the fervent hope that events will not overcome us. on this day, or families come first, like yours. let's start with the bloody conflict between israel and hamas in the middle east. israel's critics say they're doing more than defending themselves. there was a meeting to come up with a diplomatic solution. >> the goal must be a durable outcome that advances the security and legitimate aspirations of the israelis and palestinians alike. >> if there is a possibility of achieving a long-term solution of this problem through diplomatic means, we prefer that. if not, then i'm sure you understand israel will have to take whatever action is necessary to defend its people. >
and avert this fiscal cliff. >> as progressives, we have no better champion then who is at the table and part of the gang. thank you for joining us. >> senate leaders spoke with reporters. harry reid said republicans are holding up a deal on the so- called fiscal cliff. republicans said they do not understand why democrats are looking to change the rules on filibusters. this is 20 minutes. >> we had a meeting with the four leaders up here at the white house, it went very well. the problem was that was before thanksgiving. and since that time, there has been little progress with the republicans, which is a disappointment to me. we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. and one month taxes are set to rise for all americans. we passed in the -- we passed in the senate a piece of legislation to protect people making less than $250,000 a year. we have rejected on a bipartisan basis the republicans' efforts to extend the tax cuts for everybody. those are the two majors we have dealt with on the sen
. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with congressional leaders, democrats and republicans. in the meantime the president keeping up the pressure on republicans from here to extend expiring tax cuts for middle-class taxpayers, but let them expire for wealthier taxpayers. take a listen. >> the place where we already have and three complete agreement right now is on middle-class taxes. as i have said before, we have two choices. if congress does nothing, every family in america will see the taxes automatically go up the beginning of next year. >> as we have been reporting all day, the president set to meet with a bunch of ceos of major corporate leaders here that will probably start wondering about 90 minutes to get underway around 4:45 here at the white house, 14 of them showing up including the ceo of yahoo, merck, coca-cola, at&t and lloyd glenn fine of goldman sachs will be here as well. liz: in the end big multinationals, to be fascinating to hear
of the business leaders, if you do not want to go over the fiscal cliff? -- fiscal cliff, they want it to be a stage set for tax reform. -- this week, you're going to see a lot of focus on the entitlement portion and the republicans have held their tongues. the whole discussion is about revenue. they are marshalling their ceo's to make demands on entitlements. >> so many of the business leaders don't want to go over the fiscal cliff. they really want tax reform to happen. whatever happens, they want this to be a stage setter. >>>> thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on c-span, we look back at august 2011, as the news conferences around the budget control act. this created sequestration. that is split 50-50 between defense and non-defense spending. >> in january, our first week that we were sworn into office, the present as for the increase in the debt ceiling and i made it clear that there would not be an increase in the debt ceiling without changes to the wa
board room a lot of hammering over the fiscal cliff. some 35 days away now. business leaders are calling for action. listen to this plea from the group the business round table. >> america's ceos have a message for washington. >> top priority for us is to advance policies that will get the u.s. economy growing again. >> the country has to have a higher rate of growth. that begins with addressing the fiscal cliff issue. >> so, bipartisan bottom line, right? not quite. you see those business leaders have a vested interest in which spending should be cut and which loopholes closed. and let's just say what's old is new again. alison kosik is at the new york stock exchange with a closer look. put this in language we can understand as people who are not ceos. >> many of these high-level ceos, carol, are part of this movement, this campaign to fix the debt we've been hearing so much about. this includes some of the biggest heads of business that are out there. and some have been more outspoken than others when it comes to what needs to get done to get a handle on the deficit. it also has a lot
stump to round up support for his economic plan to get off the fiscal cliff. chief washington correspondent james rosen tells us that has the congressional republicans feeling left out. >> ultimately, the leader is the president of the united states. >> this president in leading the white house and senate democrats in negotiations with the house republicans over how the avoid the so-called fiscal cliff decided for now to forgo further talks with the top lawmakers. task now delegated to the treasury secretary geithner it go and others. instead, president obama is utahing this critical week to meet with the ceos from small and big business and middle class taxpayers before boarding air force one on friday for campaign style rally in the philadelphia area. >> rather than sitting down with lawmakers of both parties an working out an agreement, he is back on the campaign trail. we are not going to this problem creating villains and drumming up outrage. >> he will be out trying to i'm sure zero in on those states that are represented by members of the house and the senate. to try to
since 2008. futures moving lower this morning. the focus shifting to negotiations over the fiscal cliff. also european leaders meeting to try to strike a deal over aid for greece. something they've been trying to do now for many weeks. unclear how much further along they are. also a lot of chatter about whether the recent votes are indicative of a real desire to secede or not from spain. europe. a year ago we were dealing with it every moment. >> 7.5% yield. what a steal those bonds were. >> that is true. if you bought italian bonds a year ago, you are happy you did so. >> consumer confidence today multiyear high in italy. >> don't forget the europeans are doing well. germany is back in that 22%, 23%, that we would kill for. i don't think europe is as big an issue anymore. i don't. i do think fiscal cliff momentum has stalled. you needed to have nonstop momentum on this issue. i just didn't get the sense of anything happening. >> we definitely flattened out today. you read some of what buffett is saying in the times and corker in "the washington post." there's no clear signal they're mo
. >> asking what our nation's leaders are doing to avoid the fiscal cliff. i'll speak with one of the fix the debt ceos on the other side of this break. stay with us. aughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> welcome back. an extended thanksgiving break as washington is turning heads on wall street. just listen to mario this morning. >> if you have these guys in new york, mayor bloomberg, mayor booker, the governors, cuomo, christie, malloy, if th
coverage starts at 1130 eastern also on c-span. we are likely to about the fiscal cliff during the senate session today getting underway at 10 a.m. eastern, just over a half hour from now. after the gavel and majority leader reid will be recognized to speak and will likely outlined the schedule for the day which could include debate on defense programs and policy, and possibly legislation to do with equal rights, people with disabilities. centers will us from 12:30-2:15 eastern for weeks the party meetings. live coverage of the senate and members gavel in right here on c-span2. right now some debate from the floor of the senate yesterday between majority leader reid and republican leader mitch mcconnell. d, w they talkede about potentialit't changes to filibuster rules. here's some of what they had to say. >> i'd like to turn to anotheras issue that doesn't grab as manyt utadlines as these others we'veb been focus on the last few days o the mortal threat that has been quietly gathering against one of the most cherished safeguards of our government. i'm referring to the latest effort by so
the fiscal cliff. later today the president is meeting some of the nation's business leaders as well. fox business network's peter barnes live at the white house with more on that. so, which ceo's is the president talking to today? >> well, jon, it is interesting the president putting pressure on republicans to increase taxes on the wealthy. to let the bush tax cuts for wealthier americans expire and he is going to be meeting with some of those wealthier americans later today at the white house, those ceo's you just mentioned. there will be 14 of them including the ceo of yahoo!, of merck, coca-cola, and at&t he will well as lloyd blankfein, the see i don't of goldman sachs. he already came out in favor of higher taxes. in a column he wrote this week, he", i believe tax increases especially for the wealthiest are appropriate but only if they are joined by serious cuts in discretionary spending and entitlements. significant because blankfein and his partners make millions in salary and bonuses each year. jon: interesting. what is the status of the negotiations at this point, peter? >> repo
.s. military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace for the palestinians. >> in britain, at least two people have been killed in flooding that followed days of heavy rains. some 800 homes throughout the country are under water. prime minister david cameron pledged government help for the victims. the floods of the worst since 2007 when much of the nation was inundated, causing damages estimated in the millions of pounds. >> the president of belarus says he is proud to be the last dictator in europe. the comments came during a rare interview with the voyagers news agency -- the reuters news agency. westerners have pressured him to grant more freedom. >> all too o
on that one. >>> no vacation for business leaders when it comes to worry being the fiscal cliff. what's the best way to solve it? we'll ask democratic senator of maryland. also ahead, the tablet war is heating up as we approach black friday. which device will santa be carrying? we had santa on the floor. he wasn't holding a personal device. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. thrget 3 yearsgiving weekend, interest-free financing and save up to $600 on beautyrest and posturepedic. even get 3 years interest-free financing on serta icomfort and tempur-pedic. mattress price wa
germany and italy. stock market fell yesterday on the looming "fiscal cliff." and we have some discouraging comments from senate majority leader harry reid that led to that sell-off. market will continue in that vein until there is progress. billionaire investor warren buffett telling cnbc this morning says he may go past the december 31 deadline but it won't take too much longer and he is confident that a deal will be reached that will somewhat satisfy all sides. the market is falling again on the "fiscal cliff" word. let's look at the numbers. dow down 67 points. nasdaq down by 22. s&p losing 9. apple shares giving up 1.5% this morning. back to you guys. >> thank you. , kcbs moneywatch reporter jason brooks. >>> time for a look at what's coming up later on "cbs this morning." >> norah o'donnell joins us live from washington, d.c. in the capital with more on the big show. good morning. >> reporter: that's right. good morning, frank and michelle. we are here in washington where you'll hear from supreme court justice scalia. the postmaster general, and senator amy klobuchar who
message on avoiding the fiscal cliff straight to the middle class. and even some business leaders. president says he's ready and willing to get the issue resolved in a bipartisan manner. speaking of bipartisanship, tomorrow the president will host mitt romney at the white house. their first face to face meeting since the election. when's the point? ambassador susan rice back on capitol hill for a second day trying to end the heated back and forth over her role in the investigation of the deadly attack on the consulate in benghazi. what republican senators are sayisa saying today. plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma,
.o.p. leaders on wednesday morning to discuss the fiscal cliff. lloyd blankfine, the chairman and ceo of honeywell international, the chairman and ceo of at nine also the president and ceo of all state. interesting. from candy bars to caviar beverly hills caviar has brought luxury food to break by preissing the touchscreen caviar vending machine. do you stand there to say which there was a vending machine to give me caviar? also troubles, as cargo prices between 50 and $500 they sprung up in moscow but it is not the only vending machine from sprinkle cupcakes to marijuana up. the institute for the study of four discusses president morsi power grab in a dangerous tension added to the middle east. that is to night. what will it take to get a deal on a fiscal cliff? don't miss it. stocks try to climb back from session lows on news about the fiscal cliff. is it profit taking from the best week in five months were a sign of more selling to come? we will find out. and with five weeks until the cliff, both parties are still really far apart on taxes and entitlement reform. a new ruling read
overtime on tuesday night. >>> thanks so much. well, the white house says concern over the fiscal cliff could hurt consumer confidence during the holiday shopping season. president obama and congressional leaders will get back to work this week trying to agree on a budget plan. if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases
-called fiscal cliff negotiations, speaker boehner asked him sometime in the past week or so to play that role. that sent shock waves through us, because we thought, here is a leader who was basically ending medicare and medicaid as we know it. he is now going to be part of the conversation. >> it seems like with the debt ceiling, this time around with the fiscal cliff, but they're both taking a more active role than they did with the debt ceiling negotiations in 2011. there is more media rallies. what did you learn from last summer 2011 that has changed the approach? >> the grand bargain that had been framed is alarming to us. we thought we needed to do was both represent the interests of the people in our unions that are working people, and together with "move on" members and center for community change, to continue to echo what we believe american people said in the election. people want change. they want more fairness in the tax system in this country. we need to be able to stimulate private sector job creation by infrastructure investment and building roads, bridges, and schools. we want
. >> this congress is already one vote away from avoiding the fiscal cliff. >> one vote could keep players still far from agreement. >> and no word yet on when the next white house meeting may happen between the president and these key leaders on capitol hill. lynn? >> tracie potts in washington. thank you. >>> authorities in cairo are bracing for more protests in tahrir square as outrage grows over egyptian president mohamed morsi's decision to grant himself sweeping new powers. we have a live report from cairo with the latest. iman, good morning. >> reporter: good morning. thousands are pouring into the square angered by the decree. let's talk about the protests taking place. close to tahrir square is the u.s. embassy. today riot police outside the embassy compound fired teargas, pelted protesters with rocks to try to keep them back. the protesters also exchanged throwing stones at the riot police. that incident brings back serious concerns for u.s. officials because several months ago, back on september 11th a similar scene erupted outside the u.s. embassy. there's growing concern about the secur
. they are headed to the white house today weighing in negotiations over the fiscal cliff as the president tries to pick up outside support for his proposed tax increases. doug luzader joins us live from washington with more. hi, doug. >> ainsley good morning. business leaders are pleading with the white house to come up with some kind of a deal to assert spending cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress ac
that bernanke was talking tough. and they said the fed's role in the fiscal cliff negotiations is to communicate. >> tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. >> susie: is there another role or more of a role for the fed? >> i think to be a cheerleader and to be on the sidelines telling the government they have to do what is right for the public. >> susie: as for what the fed can do if the u.s. heads into recession because of the fiscal cliff, bernanke says, not much. >> in the worse case scenario, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analys, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is alrea
a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner stones of being able to work something out. >> reporter: staffers have been working behind the scenes to fine common ground. among the big sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it's not yet clear when lawmakers and the president will meet next. even if some progress is made this week a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline so i would be pleasantly surprised to see it, a deal emerge earlier than the end the year but we'll see. >>> as the fiscal cliff gets closer a few republica
in washington with plenty to do trying to negotiate a solution to stave off the fiscal cliff. everyone was getting along last friday when all of the leaders met at the white house but now that it's time to deal things are getting a bit tougher. let's bring in david and steve. happy thanksgiving, guys. thanks for getting up early with us. >> good morning. >> first one to you, david, the staffers have told politico that these talks are off to a rough start and issue is, it's the same, the revenue, how to get it. what congressman tom cole said on "jansing and company" yesterday. >> important as to how you get that revenue. i was disappointed to see leader pelosi say it had to be higher rates or nothing. i don't think that's the way you begin a negotiation. >> what about the possibility of keeping the same rates but eliminating deductions for the wealthy in. >> i think that's a good potential suggestion. >> so you hear that, republicans have opened the door to revenue but not by raising taxes. is that going to be enough? might that be the compromised point? >> if you listen to the white ho
leader summit last week says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services
and harry reid over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll free from everywhere. steven weber. he will be there nobody panic he will be right there. charlie pierce said some good stuff about the fiscal cliff and other things. this is going to be a fascinating discussion. the president playing three dimensional chess. told you so. >> never mind. >> never mind. >> corn? when did we book corn? [ laughter ] >> oh, you kids. i swear. all right, you know what? i think there's a little estrogen in the clubhouse. ♪ ♪ >> hi, jackie schechner. >> good morning
congressional -- while leaders are looking at the fiscal cliff there is a cliff facing the postal service. there is no secret it has these large, looming fiscal issues. i think there are kind of in a way two schools of thought. one would be the gloomy one of the other would be more optimistic. on the gloomy side, you pointed out there has been a decline in the overall business of the post office. we had obviously the huge increase in the use of technology, whether tweets an e- mail, whether electronic payment systems. there has been an overall decline in the volume of mail. this is been part of what i would call almost a perfect storm that faced the post office depot service since 2006. and as you alluded to, there has been an aging very large workforce within the postal service. projected there will be difficult in meeting some of the retirement payments, specifically health care, pre- funding them going forward. on the optimistic side, we are in the middle of shopping season. black friday, as you pointed out, sales are up. a good chance of the next few days if you are at the local post
calling the fiscal cliff. and yet the consumers we have been talking about are not acting very worried. trying to capitalize on the strong holiday shopping season, the president warned that the economy will spiral downward if it is not addressed. >> i think it is a reason that retailers are so concerned. that congress has not yet extended the middle class tax cuts. >> reporter: the report also estimates that consumer spending could drop by $200 billion by 2013. 31st, there will be a massive fiscal cliff, of large spending cuts and tax increases. >> reporter: the federal reserve chairman coined that term last spring, restoration of 2% in payroll taxes, expiration of unemployment benefits and $110 billion in automatic cuts, to programs like defense. the political sticking points? tax rates, most democrats want tax rates for those making $250,000 a year to go up. republicans want it to stay the same, but would limit the deductions and close loopholes. there is a disagreement on who should be considered wealthy warren buffet argues that the timeline for the rich should be raised from $250
to hammer out the agreement between the president and congressional leaders to avoid the looming fiscal cliff. spending cuts and tax hikes kicking and and analysts say it could kick is back into a recession. gerri willis is here to get it straight. >> i wish i could. >> is a mind-boggling we had made no progress? >> what has happened? absolute nothing now the president will go to the street he thinks the election is still on? i know understand going to pennsylvania but today he meets with middle-class americans. i would like to see all of the elite people to sit down until you get something. said in a little bit of food >> debt deal. you know, that it will go to the last minute when you see what compromise has happened. >> i do not see anybody who wants to compromise. tracy: we have heard all along it is not just a deal but a good one. the future of the economy hinges on this. >> $3,500 per american of nothing happens. tax increases across the board. the economy is in the tank is not something we can sustain. we're already in recession or added tipping point*. that is really what we sh
leader agree on one thing. failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house hasn't come to the table with concession autos we have not seen any good faith efforts on the part of this administration to talk about the real problem. we're trying to fix. tomorrow, round two. abc news, washington. >> president ob dwraum -- obama will meet for a private lunch with mitt romney. the president promised to meet with his rival and that he would consider romney's ideas. romney commented he believed the president won because of so called gifts he gave to hispanics, blacks and young voters. we'll see how the meeting go autos one thing you can do to give your cholesterol lowering drugs a boost. >> a woman finds success on the internet spoofing popular videos and how she's using the start up to give back. >> i'm michael finney. today 7 on your side q and a is just ahead
for signals coming out of washington on the fiscal cliff. and they didn't like what they heard when senate majority leader said he was disappointed with the talks with the republicans to this point. >> we have time. the moment harry reid started speaking you can see the charts that it all falls at the exact moment when he said they thought there would be more progress with the republicans.
to washington this week and with just 36 days left to avert the so-called fiscal cliff becoming more apparent that senate republicans want a deal and they would like one pretty quick. but while there may be a bi-p t bipartisan consensus to raise taxes on the wealthy, the sides are still far apart on where the revenue will come from. staff level negotiations are a little bit more than stalled. not fully stalled but they didn't go so great last week and it's unclear where speaker boehner will get the votes for a deal that would raise tax rates. which is why he's pushing against that idea. two senate republicans up for re-election in 2014 have bucked norquist saying they are willing to let taxes ride. chambliss spoke to his hometown station. >> that pledge i signed 20 years ago was valid then. it's valid now, but times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. >> on sunday south carolina senator lindsey graham also broke ranks saying the norquist pledge can no longer be a conservative litmus test. >> when you're $16 trillion in it debt,
understand the fiscal cliff is a scary and a series of living tax hikes. it could damage the economy. president obama has been pressuring congressional leaders to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never vote for higher indicate taxes. >> and for the good of the country only if democrats would do a title that. >> the pledge that we signed 18-20 years ago but the world has changed. >> is music to the ears of the white house but disturbing to this man. the anti-tax crusader that cut republicans to tax no tax- agreement. it >> if you want to go to your voters and say i promised to this and i am breaking the promise you have that conversation. >> if he seems confident so for these numbers are not on his side. 258 members of congress that have signed the pledge with only one half dozen have publicly expressed doubts about it. the test of weather they are were ready to break the tax increase will, in the next six weeks. catherine heenan, kron 4. >> the state of york is requesting nearly $42
the fiscal cliff. the first strategy, of course, and the first bullet point is when president obama gets together with congressional leaders and they try to get some kind of resolution. the second bullet point, though, is to try to pressure the republican party and that's what we're seeing from president obama by going out to pennsylvania, to this manufacturing facility, that makes toys, including tinker toys and the k'nex building set. so we'll be doing that on friday. in addition, today it actually starts. pressure campaign begins today. they'll be meeting with small business owners at the white house. tomorrow it will be meeting with middle class americans who say that they will be impacted if congress doesn't fix the fiscal cliff. they'll also be meeting with business leaders this week. so we're seeing a two-prong strategy right now out of the white house. >> it starts moving in the realm of tinker toys you know it's getting very, very serious. we've seen some republicans, major republicans, come out the last few days saying they don't feel bound anymore by that americans for tax ref
? >> we need to respond to this fiscal cliff. i can't tell them how they should do it. that's their expertise but they have to figure out the details and we need to resolve this subject and give america confidence that our political leaders can work together and i honestly believe that that will happen. >> reporter: when you reported third quarter results earlier this month you said you didn't have enough clarity on the impact of superstorm sandy. do you have more clarity now? >> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed that number that's always good news. but we try to guide where we believe we're going to be
. life opens up when you do. >>> to front page politics and fiscal cliff negotiations round two. the president plans to meet with house and senate leaders for the second time next week on the matter. we have a little more than a month now to avoid triggering automatic tax increases, and massive budget cuts. one emerging point of contention, the president's signature affordable care act. in a cincinnati enquirer op-ed house speaker john boehner is calling for the law to be on the table in those negotiations. meantime a new political report says house republicans plan to vote next week on immigration legislation that would expand visas for foreign science and technology students. the plan would also make it easier for those with green cards to bring their immediate families to the u.s. >>> and this year's official christmas tree arrived at the white house friday with all the traditional fanfare atop a horse-drawn marriage. the 19 foot frasier fir is from north carolina. >>> joining me for more, white house correspondent for the hill, amy parnes. chief correspondent for mcclatchy n
a primer explaining how the fiscal cliff might affect you. still, to come on the "newshour": debating palestinian status at the u.n.; reading the fine print; tackling immigration reform and re-purposing digital data gathered during the campaign. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: wall street tracked the ups and downs of the fiscal cliff drama in washington today. at one point, the dow jones industrial average was off more than 100 points. but stocks made up the ground after the president's talk of a deal by christmas. the dow ended with a gain of nearly 107 points to close at 12,985. the nasdaq rose 24 points to close well over 2,991. a moderate republican senator susan collins of maine voiced new concerns today about u.n. ambassador susan rice. it stemmed from rice's initial account, on a sunday talk show, of the attack on the u.s. consulate in benghazi, libya. at the time, she said it began as an anti-american protest, but she now says she was working off faulty intelligence. rice met with collins for 90 minutes today, but afterward the se
-- if you want to put your thoughts on our facebook page. in other news, on the fiscal cliff talks, i want to show you the headlines and what is happening in washington. we told you at the top, the negotiators are going public. president obama will go outside washington as well as republican leaders to press their case to the american people what they want in the stocks. but here's the baltimore sun this morning with the headline -- yesterday recovered to the speech that he gave. he says to put everything on the table. that's what the number two democrat said yesterday. if your interested in watching the whole thing, go to our video library. and the new york times reporting this this morning -- so that is the latest republican who has talked about breaking the grover norquist pledge on taxes. also, this morning, ceo's meeting with president obama yesterday, business leaders meeting with republicans as well. toth sides gathering ceo's talk about what they would like to see in the fiscal cliff tops. and in the washington post editorial -- also, "usa today" says -- you can look it up on presi
. they'll bring up a settlement presumably, hopefully, until the fiscal cliff, december 24, december 31st and ask everybody to vote for it without amendment and without any real discussion and knowledge by the american people of what's in it. and so, this is so contrary to the great senate understanding where the great issues of our day are debated at length and people have unlimited debate and, you know, really, discuss the great challenges we face financially in this country. >> and do you feel like the american people are going to miss out if this isn't debated on the senate floor or committee hearings that are public where people can see firsthand what's going on. can you worry as the republican you'll be asked to vote for something or cast your vote towards something that you didn't personally have any part in negotiating and your party decided that's the way to go and you better fall in line and vote for it. >> absolutely. see, that's what happened in the tarp. the bailout deal in 2008 and then beginning in august a year ago, when the budget control act, that all came up at the last
. >> negotiations continue with president obama and congressional leaders about the fiscal cliff. we took your phone calls this morning on "washington journal" about that. >> host: at the daily news conference at the white house, jay carney, the spokesman there was asked about liberals who are advocating going off the so-called fiscal cliff. here's what he had to say. >> rather, he spoke with speaker boehner and senator reid over the weekend. he will meet with them at the appropriate time as well as obviously nancy pelosi and mitch mcconnell. so, the process that he began is continuing. we continue to be optimistic that a balanced approach is achievable. we know what the solutions are. i think what was said in an op-ed, one benefit of all the debates we've had, negotiations and discussions over the past couple of years on this issue is we know what the parameters of a balanced solution to these challenges looks like. they include both spending cuts and revenues, and entitlement reforms. they have to have all three legs to be a part of it. >> host: jay carney yesterday at the white house when he was
from going over the so-called fiscal cliff. the president wants to raise taxes on the wealthiest 2 percent of americans and leave current tax rates for everyone else. >> i can't get paid reporting. >> we will be following the latest as it continues to develop on capitol hill. >> will take a quick break. we will be back with more headlines than just a minute. here is a look at the approach to the toll plaza. the ground for now is dry. that will be changing before too much locker we will look at your forecast straight ahead. welcome back. coming up at 4:15 a.m. on this wednesday morning we are tracking the a big storm and high winds. >> take a look is lit up anny . the storm started to approach the peninsula barrett we are not seen too much rain in the san jose area. regardless i was a brown the bay area to see how it is due in your neighborhood. speaking of light ride for portions of interstate 80. under the green indicates that light rain. i did see rain in downtown san francisco. we are seeing some now where 101 leads to interstate 80. i expect the heaviest downpour towill occur b
with labor leaders about the fiscal cliff. this is what she had to say in her interview. [video clip] >> what are the top items, a minimum wage, immigration? what's the biggest thing we think has to happen is comprehensive immigration reform. we think there needs to be a core set of economic issues that we are developing now including the minimum wage that actually cements in restoring the american middle-class. we are not yet on that path. we agree with the president's vision. the third thing, we have to fix voting in this country. people are mad. we are outraged about the lines. i do not know exactly what the prescription is, but that is a priority of the coalition we are a part of. >> did the president address the other big-ticket items? >> he made it clear that when we get through the tax and job discussion in the congress he was to prioritize comprehensive immigration reform. he sees it as a key part to stabilizing the economy, investing in the middle class, not having a subclass of 11 million people that hurt economic revitalization. for him i think it is a piece of the middle class age
more is known about whether and not government leaders will be able to avert the fiscal cliff. >> taxes go up for everyone, less money to spend and you don't buy anything. >> one of the benefits of shopping on line is that you can do it from just about anywhere. with most people back to work on sun insider monday we're asking on facebook if you made any purchases from your job? if you have not done any cyber monday shopping yet it is still out there still time to snag a deal. >> the stakes are high and we need to address this in a serious way. >> this is the thumb and louise crowd. the ones who dream of higher taxes and bigger government. >> is only the house would consider freezing tax rates for 90 percent of the moment american families >> people want to know if washington is any closer to avoid the dreaded fiscal cliff. we'll have the latest on progress after the break. >> 36 days and counting until the fiscal cliff and washington lawmakers are heading back to work after thanksgiving break. there are hints of compromise in the air. most americans understand the fiscal cliff is scary
: no meter between the president and congressional leaders this week, are scheduled on the fiscal cliff talks and that's not sitting well with the markets, down 74 points, as for the price of oil. riots in egypt having no impact on the price of crude, $87 a barrel as of right now. now this, paris hilton opens a new store in mecca. saudi arabia, and that image not sitting well with a lot of of people. the holy muslim city and the woman best known for having a sex tape kind after juxtaposition, isn't it? and joining us now is kelly jane torrence of the weekly standard. kelly jane, i was shocked when i saw this and surprised and then i got to thinking, should paris hilton just go for the money, pure capitalism. open your store in mecca if that's what you want to do. or should she think about women's rights in the place where she's selling handbags? what do you think. >> i think both. talking about capitalism people are saying they're outraged about this, but obviously there's a market for people buying these handbags, otherwise the mall wouldn't open the store and this is not her first store in
, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declining any further. that's the economic turmoil this country finds itself in. there are tons of other political and social unrest unfolding across the egyptian capital, cairo. a short while from now, mourners are going to be praying for one of the victims, and they'll be burying him as well as another one that died in clashes overnight. as a result, egypt's president says he's going to hold meetings today with some of th
-called fiscal cliff. also tomorrow, the president has another meeting with business leaders following the one he had prior to the thanksgiving holiday. so -- friday, as i think you know, he'll be traveling to montgomery county pennsylvania to visit a business to talk about the need to extend these middle class tax cuts because businesses around the country depend on america's middle class to whier -- to buy their products. as i think was effectively outlined yesterday and you read about in the report he co-produced, the impact of raising taxes on the middle class would be significant to our economy. without w that, i'll take your questions. [inaudible] >> does everyone know he's leaving? very sad. >> thanks, jay. two questions on fiscal cliff, a senator said talking about medicare and medicaid both of those conversations should not be part of the plan to avert the fiscal cliff. doesn't that complicate the president's position, he has talked about balance, talked about the willingness to put entitlements on the table as part of a package and he's got a leader from his own party saying that should
majority leader harry reid indicated that little progress has been made in recent fiscal cliff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manager behind apple maps. iphone software has been widely panned for flaws and inaccuracies since its launch back in september. what you really want is an accurate map, so there you go. >>> on to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet business. wow i have to ask yyu a lot about that because i don't understan
as confetti. >>> just into us here at cnn, as we count down the days to the fiscal cliff, we're getting news from the white house, just moments ago. jay carney, spokesperson during the daily briefing here, said that the president has now spoken with the leaders, the republican leaders of the house and the senate here, you have senator mitch mcconnell and speaker john boehner, they all spoke with the president, over the weekend by phone, about the fiscal cliff. here's what jay carney said. >> forecast to be done, work is continuing to take place, the president spoke with both senator reid and speaker boehner over the weekend as you noted. he'll continue to have outreach with -- as he promised he would with various stake holders, business leaders and others this week. as well as conversations that are ongoing between his staff and folks on the hill. that will continue. we hope to see progress. >> and meeting with the leaders? >> i don't have any scheduling updates, but you stole my thunder a little bit, but, yeah, he spoke with speaker boehner and senator reid over the weekend and, you know, h
. >>> in washington the looming fiscal cliff is topping the news. >> for the good of the country only if democrats will do entitlement reform. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donations of toys and
and congressional leaders for the so-called fiscal cliff, we are going back to august of 2011 to look at how we got here, reviewing some of the debates and news conferences related to the budget control act. that begins tonight at 8:00 eastern, here on c-span. and then, the communicators. after hurricane sandy, we examine the impact the federal emergencies have on telecommunications systems. amongst our guests, the vice president of the regulatory affairs association, and congressman rangel, the serves on the commerce committee. -- who serves on the commerce committee. alan krueger spoke today at a briefing about the economy and consumer confidence. this is a little more than one hour. >> special guests. good afternoon, ladies and gentlemen. thank you for your patience. we decided that it would be beneficial to you to have alan krueger joining me here today, as you know. he co-authored a report from the white house on the impact of middle-class tax hikes if they were to occur on retailers and consumer spending. that report is available on whitehouse.gov, if you have not read it. he authored this re
into the fiscal cliff negotiations, my advice to the president would be... it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity here at the end of the year to do something something important for the country. >> brown: at the same time there were some signs on both sides of the aisle that there might be a little give in previous positions. republican senator bob corker of tennessee outlined his proposal in the "washington post." he called for tax revenue increases, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left, democratic senator dick durbin of illinois urged liberal groups to give w
-- with the keurig vue. little progress on the "fiscal cliff" talks in washington... translated to zero gains on wall street today. the dow closed the day down 89-points.. taking a sharp drop during afternoon trading after senate majority leader harry reid expressed frustration about the negotiations. both the nasdaq and s- and-p 500 also posted losses. a day after announcing they had lost wide receiver kyle williams for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter with an ankle injury. (male announcer): now, here's stanley roberts who found people behaving badly. blog. this is not difficult to find these collection bins. they would believe that your donating things for charity. >> how are you are donating because that is what is on the box. and yes, they will word is used words like to donate but it says for profit. and the interesting thing is that they do not even know how they got here. this one and safeway has been here for a while. these are right outside of a rite aid have been out for four years. and this out of an auto repair shop showed up an
. remember this? the president predicting april process during the fiscal cliff talks and even wishing the house speaker a happy birthday. still nowhere near a solution to the democrats balanced approach. >> we remain hopeful and optimistic that we can achieve a deal. he will not sign an extension of bush-era tax cuts for the top 2 percent. >> we have already done more than a billion dollars worth of cuts. the richest of the rich will have to pay a little bit more. gerri: the voice of compromise. it will lead gop be forced to surrender their platform? let's ask our all-star political panel. former advisers to president george w. bush and daily beast columnist. to you first. the other republicans going to have to walk away from what they have long clung to which is the idea that we're not going to raise taxes, no way, no how. >> well, i think that president obama definitely has the upper hand in the situation. you have people coming out and saying we don't have on a this anti-tax pledge with grover norquist, a senior republicans, people like bill kristol. you have 12 new house members c
quickly face the challenge of his second term, avoiding this fiscal cliff. in august of 2011 congress passed the budget control act which threatened automatic spending cuts if congress failed to come up with a planned deficit reduction by 2013. these cuts are what we refer to as sequestration. this would mean an across the board cut of between 7% and 10% of all defense and non-defense federal spending irrespective of policy or its impact on everyday people. these cuts would be absolutely devastating to our national and local economies. our -- show that sequestration will reduce federal funding direct to san francisco by at least 26.5 million dollars a year, every single year. we would see over $5 million of cut to education, and almost $3 million of cuts from public housing. san francisco's allocation of medicare would be cut by $2 million. funding for the wic workforce program would lose almost $5 million. there would be a $1 million cut to housing services for people with hiv and aids and more than $1 million cut to the community development block grant program. ladies and gentlemen
is about over the fiscal cliff and someone has to lead it. the person they get elected leaders the president. i'm sorry, you either lead or you fail. >> there hasn't been a ton of willingness to compromise with president obama. that is in part because they believe that they have a mandate to hold firm. they promise that they are not going to raise tax rates and then they are going to keep that promise. so how much could leadership on the president's part change those hearts and minds? >> i think very easily. the bottom line, the president said, rather than the full 3%,, we will cappadocians and we will meet you halfway and we will start on entitlement reform. it is easy to do. the framework is there. but what is missing is leadership and the willingness to compromise. something that both guides, president and the republican leaders have to do with. megyn: i wonder if ron gets any kind of payment for this. the spokesperson for the cause. you know, if this works, whether he gets any kind of kickback. thank you guys so much you think you. >> thank you. megyn: coming up next, a ho
the fiscal cliff contain no medicare, medicaid, and social security benefit cuts. it puts them at odds with the president who has said everything should be on the table, including entitlements, senate republican leader mitch mcconnell. >> we want to save these programs and i understand the dilemma the president and the majority leader have. their hard left doesn't want to change anything ever. >> reporter: but the top senate democrat harry reid says republicans are the ones dragging their heels. there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. >> reporter: republicans point out that medicare and medicaid are the largest future drivers of the debt. they say they won't agree to increased revenue from taxes unless they get entitlement cuts as well. scott, it's safe to say there are going to be people on the right and left howling mad at no matter what this deal looks like. >> pelley: nancy, thank you very much. one idea they're looking at is scalin
the fiscal cliff. and what is the president doing? yesterday, he met with small business leaders. at the white house. the white house met with leaders of jack lew, the chief of staff. met with leaders of the chamber of commerce. today the president is meeting with some middle class americans who would be severely impacted if the middle class tax cuts were to expire. what this article really references is the president the white house announced yesterday is going on the road on friday, he's going back. he's going up to pennsylvania. going to visit a toy store -- last saturday, he also visit at small business, bookshop with his daughters. in arlington virginia. to make the point. the president is going out there, the white house now says he will be going around the country and building up popular support for his plan and putting pressure on congress to pass his plan and republicans are suddenly whining and crying. mitch mcconnell says yesterday, this is terrible for the president to be out there campaigning. >> rather
to avertthe fiscal cliff. a position that appears as odds with other democratic leaders. most notably, president obama. >> i believe that we have to continue to take a serious look at how we reform our intitlements because health care costs continue to be the biggest driver of our deficits. >> this spokesman reiterated that stance tuesday. >> when we're talking about a broad balanced approach to dealing with our fiscal challenges, that includes dealing with entitlements. >> an aide to durbin said the senator does not believe his position conflicts with the president's. rather he's making a clearer distinction between the short-term challenge of the fiscal cliff and the long-term problem of reducing the deficit, but any fiscal cliff offer without entitlement reform is widely seen as a non-starter with republicans. >> the reason we're having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refused to do anything to protect long-term spending programs like medicare. a failure that is among the biggest single drivers of o
to the fiscal cliff. >> that's the million-dollar question. where do things really stand? >> billion dollars. >> becky, we probably won't know until around christmastime. >>> millions of people will hit the roads, runways and malls over the next 48 hours. what can they expect during the thanksgiving holiday weekend? we have flooded the zone with our team, nbc's jeff rossen on travel and cnbc's courtney reagan on holiday shopping. but millions of americans will hit the road for this thanksgiving. more than 40 million to be precise. and nbc's jeff rossen is literally on the road covering the holiday travel for us. hi, jeff. how are you? >> reporter: hey, luke, and happy thanksgiving. right now we're driving on i-95 north heading out of new york city into the suburbs, connecticut and such. and as you can see we're already hitting some traffic. in fact, this is the busiest travel day. 43.6 million americans traveling today and most of us are traveling by car. 90% of travel today is by car. if you want to impress your friends, average distance 588 miles. also another interesting tidbit here. in t
to bring congressional leaders together to avert the fiscal cliff at the end of this year? goodwin says the president should take some advice from one of the predecessors to the oval office. >> if lbj were there now trying to get the fiscal cliff, they'd be sleeping at the white house. boehner would be in one room and lbj would be parading around in his robe. >> steve: fox news legal analyst peter johnson, jr. joins us live this morning. >> that's not the strategy this year. no. it's keep the election going. we've got the internet, rooms of people ready to go. we lost in some ways the public debate on obamacare when the tea party went to rallies, went to a town hall meetings. we're not going to lose it again. print and action kit. unions and certain progressive groups have sent out an action kit. so you can download posters that say middle class over millionaires. so the president is saying the republicans are holding the middle class hostage. but what in fact is happening is the president and the white house is getting a posse together ready to push rich folks over the so-called fiscal
leaders, the focus on the fiscal cliff, going back to august 2011 to look at how we got here. some of the debate and is conferences relating to the passage of the budget control act treating the spending cuts beginning tonight at 8:00 p.m. eastern here on c-span. also tonight at 8:00 on c-span2, "the communicators." the effect federal emergencies have on communications. among our guests for the president of regulatory affairs of the wireless association and and the congressman from the commerce committee. >> are 16 or 17 basis, we have military-run in schools. the average cost to run them per year is $50,000 per student. almost four times what the rest of public education costs. the vast majority of our bases, we use public schools. we could take the money we're spending today, pay every school system $14,000 per child and save billions of dollars per year. with the same or better outcomes. >> this weekend, talking with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and defense -- the future of the republican party. the senator has written about several bo
something that will affect your future. 34 days off from the fiscal cliff. today, republicans and democrats met with business leaders to gauge and garner support for a budget deal that is likely to include tax hikes on the wealthy, and could include some sort of spending cuts, all with an aim to cutting the deficit. i couldn't tell you what happened at those meetings because i wasn't there. let's talk to somebody who was. tom wilson is the president and ceo of allstate insurance. tom, thank you for joining us. what happened in the meetings? >> well, it is good to be here, ali. i think what happened in the meetings is we get a sense that there needs to be more progress made quickly. because while everybody agrees something needs to be done, really the structure to get it done is still not formed up yet. >> did you get some sense that they are moving towards some kind of an agreement, both sides? >> i got the -- i'm concerned as to where we're at. let me tell you the good news. the good news is everybody sees this as an opportunity to show that america knows how to act and get the fiscal hous
reid. he said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. >>> shares of green mountain coffee though jumping after the bell. the company brewed up better than expected fourth quarter results. investors also cheered the company's new hire. david: fiscal 2013 forecast. >>> the xbox may be the gift of choice for many holiday shoppers this season. microsoft said it sold more than 750,000 videogame consoles during the black friday week. that outpaced nintendo's wii u which sold 400,000 units in the first week on u.s. market. microsoft reports that the windows 8 operating system registered 40 million upgrades since its launch october 26th. that's the latest from fox business network, giving you business network, giving you the power to prosper can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open ll night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou
, but susan rice coming up empty handed. and president obama talks fiscal cliff with a dozen of the country's business leaders with. innocent dolphins shot to death by humans. we're going up into the air, looking for answers. i'm wolf blitzer, and you're in the situation room. >> a second day of meetings with republican senators didn't go better than the first day for the em battled u.n. ambassador, susan rice. she has been under attack for her statements about the attack in libya. republican criticism remains sharp, and her future fb a possible nominee for secretary of state is questionable at best. dana bash is working the story for us, what happened today? >> reporter: you know, wolf, it was one thing for susan rice to get harsh criticism after yesterday's meeting with senators mccain, graham, and ayote, but it was different to hear the concern from one of the last centrist republicans in the senate. >> susan collins would be one of the most likely to throw susan rice a lifeline. it didn't happen. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was,
after a long holiday weekend, but returned to the same worries about the fiscal cliff. and a new report from the white house added to the worries, showing that unless there's a deal on solving the crisis, the u.s. economy would suffer big time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away aone of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicare and if you don'
of this morning's headlines. dersressional leaders are looking at win/win scenarios to avoid the fiscal cliff. te goal is to bring in more revenue without raising tax rates, allowing both appears to say we stood our ground. high income tacks payers thaksed inco at the top rate. >>> a new arms race in cyber space. many governments are worried hat hackers could get into aeir mainframe computers, eurning to american companies ky, those that can be tricky, though. u.s. company needs a license from the state department before t can work for a foreign country. >>> usa today reports delve straighting drought is expected to last until e >>> we're looking very nice outside right now. the sun is up and looking good today. going to see a lot of sunshine throughout the entire day a few high clouds overhead. we have been seen patchy fog in the valleys. the temperatures now still chilly 39 degrees in santa rosa, 41 in san jose. 54 degrees in san francisco this afternoon, expecting lots of 60s. some places maybe sneaking into the low 70s. next couple of days going to be a beautiful weekend ahead other than some
cliff, but our lawmakers near striking a deal. president obama meeting with congressional leaders this past week, we'll take a look at where the negotiations are and where they might be going. heather: and the american cancer society recommended annual mammograms for most women, so why does a new study say that's not necessarily a good idea? rick: also a holiday miracle. one family receives the gift of life after getting some devastating news. we'll tell you about it. >> baby did it again, and as quickly as we could possibly, you know -- i almost thought i was throwing the baby at the nurses, like quick! and the team just responded immediately. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant rick: new developments in the fight to keep the u.s. postal service afloat. the cash-strapped agency noun -- announcing a plan that it hopes will help its bottom line. its package business has been growing in volume, and now the post office is testing same-day package deli
calls his outside in strategy when it comes to the fiscal cliff negotiations. instead of meeting with republicans behind closed doors the president urging the public to apply pressure on the gop. earlier today, the president met with middle class americans at the white house and urged house republicans to extend tax cuts. democrats say would benefit 98% of americans and 97% of small businesses. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and just a few hours ago we found out the president will be hosting mitt romney for lunch at the white house tomorrow. it will be their first face to face since the last presidential debate and since governor romney accused the president of essentially buying the election. meanwhile, speaker boehner trying to keep the party's message united with taxes and pushing back against statements of gop congressman cole for republicans to fall in line with the president. >> i told tom earlier in o
a walk off a fiscal cliff? and i said you know, that -- that issue of whether our democracy can truly function and have leaders that are prepared to make the decision that have to be made in order for this country to govern itself is, i think, you know, the issue that will determine ultimately whether we have national security. it's the same way with the law of the seas. i go to the asia pacific region. they're having materialtorial disputes over, you know, these rocks out there. obviously, it's about the resources that are offshore those rocks. but they're having these disputes over these areas. one of the arguments i make is wait a minute, we have to maintain freedom of the seas. we have to maintain navigation rights. some of these countries look at me and say, you know, what are you talking about? you haven't even approved the law of the seas treaty. how can you tell us what to do here? and they're right. they're right. we are the only industrialized country that has not approved that treaty. the only industrialized country that has not approved that treaty. in order for us to have
: the approaching fiscal cliff could hurt out of the work americans. president obama is meeting with congressional leaders to reach an agreement. but a deal could mean higher taxes for small business owners and a hiring freeze. and now, reporting from washington, dc, from peter. >>peter: republicans and democrats alike think closing loopholes to raise revenue is a good idea but republicans are resisting the idea that increasing tax rates on the wealthy will steer the country away from the fiscal cliff but the democrats insist it will. >> i am opposed to raising tax rates but i do believe we can close a lot of loopholes. >> they have to go up real tax rates or effective tax rates. second, though, we have to close some significant loopholes. >> republican senator graham is okay with new revenue and willing to cap deductions but only if democrats agree to reform entitlements such as social security and medicare. >> i don't expect the democrats to go for premium support or voucher plan but i do expect them to adjust the entitlement programs before necessity bankrupt the country. >> some entitlement re
that our leaders need to solve the problem and they are aware they need to solve the problem. the fiscal cliff is all about uncertainty. uncertainty is bad for everybody. it's bad for the investor. it is bad for the consumer. it is bad for the retailer. i think our elected officials understand that. i think the president understands it. and fortunately, i guess in an odd way the downside is so great they have to come up with a solution? >> how about if they don't? how would it be for your business? >> i think it is going to have an impact on the business only due to uncertainty. but i think there is a lot of positive influences in the consumers' minds right now. the fact that affordability is better. the fact that they feel better about their jobs. the fact this they see job growth happening. certainly here in california we've had job growth. so i think in our world in southern california we're going to be in pretty good shape. but uncertainty is never good. i don't think there should be an option. >> mr. caruso, yesterday craig barrett, former ceo of intel, described california where yo
.c. to see if we're any closer to seeing a deal to avoid the fiscal cliff. alison? >> reporter: it doesn't seem that way. president obama called congressional -- congressional leaders. but he's not met with them since before the thanksgiving break. we're now just 35 days away from the tax increases and spending cuts that kick in as part of the of the fiscal cliff. there's still no signs of a deal. the democrats are echoing the president's demand for tax increases for the wealthy. >> he's promises that will not sign any bill that benefits the 2% of the americans. >> no tax increases now for promised spending cuts that won't materialize later. >> reporter: and president obama is holding a series of events at the white house and on the road trying to win more public support this week for his approach. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:44. wall street seems to be teetering on that fiscal cliff as investors wait too react. pam cook -- wait to react. pam cook is here to tell us what is it at stake. what is at stake? >> a lot. it's being discussed on
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
to be as productive as some people had hoped, as you said, we are now 35 days until the fiscal cliff. what we do know, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes. for democrats there's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talk
quarterly says that the white house remains hopeful that the fiscal cliff will be avoided, despite the comments we heard from senator minority leader mcconnell that the talks ran at an impasse. next, we take you to the august 2 done 11 house debate of the budget control act. the measures set up automatic spending cuts and tax increases. it passed by 259-16. >> we have missed an opportunity for a grand bargain. for months, others have looked to america and said, is this a nation that still pay their bills? we would do the unthinkable and default on our obligations. we are a more responsible and honorable mission than that. we are only at this point because the far right wing, for the first time in american history, has chosen to hold our economy hostage in order to enact the radical, ideological agenda for out of step with the majority of americans. these months have shown the american people who foot -- who puts our country's welfare first and who would rather have ideological purity at all costs. i am voting for this bill. not because i like this bill, although it does do some thi
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